taxes
64,952 views
61 Discussing
Hot
Latest
🚨 TAX REVOLUTION: Trump proposes ELIMINATING income tax, funding government SOLELY with tariffs! 🏛️➡️📦
This radical shift would:
⬆️ Prices on imported goods
⬇️Taxes for most Americans
🤔Create massive economic uncertainty
Analysts warn of potential inflation and global trade wars. A bold, high-risk gamble that would reshape the entire US economy.
#Trump #Economy #Taxes #Tariffs
This radical shift would:
⬆️ Prices on imported goods
⬇️Taxes for most Americans
🤔Create massive economic uncertainty
Analysts warn of potential inflation and global trade wars. A bold, high-risk gamble that would reshape the entire US economy.
#Trump #Economy #Taxes #Tariffs
See original
🇪🇦 SPAIN: PROPOSAL TO INCREASE TAXES ON BITCOIN AND CRYPTOCURRENCIES 🇪🇦
The Spanish parliamentary group Sumar has proposed a legislative reform aimed at significantly increasing the taxation on Bitcoin and other cryptocurrencies.
The proposal aims to shift the taxation of cryptocurrency gains from the current "savings tax base" (with a maximum rate of 30%) to the "general tax base," where rates can go up to 47%.
This change could therefore nearly double taxes for individual taxpayers with high incomes.
Additionally, a rate of 30% is proposed on corporate capital gains derived from crypto activities.
The reform represents a significant tightening of Spanish fiscal policy on cryptocurrencies, with important impacts for individuals and businesses investing in digital assets.
If approved, it will be a clear signal of greater tax pressure in the crypto sector in Spain, which in recent years has seen increasing adoption and an evolving regulatory framework.
#cryptotaxes #Taxes #Spain #BreakingCryptoNews
The Spanish parliamentary group Sumar has proposed a legislative reform aimed at significantly increasing the taxation on Bitcoin and other cryptocurrencies.
The proposal aims to shift the taxation of cryptocurrency gains from the current "savings tax base" (with a maximum rate of 30%) to the "general tax base," where rates can go up to 47%.
This change could therefore nearly double taxes for individual taxpayers with high incomes.
Additionally, a rate of 30% is proposed on corporate capital gains derived from crypto activities.
The reform represents a significant tightening of Spanish fiscal policy on cryptocurrencies, with important impacts for individuals and businesses investing in digital assets.
If approved, it will be a clear signal of greater tax pressure in the crypto sector in Spain, which in recent years has seen increasing adoption and an evolving regulatory framework.
#cryptotaxes #Taxes #Spain #BreakingCryptoNews
🚨 POLICY WATCH: TRUMP FLOATS ENDING INCOME TAX
President Trump says the U.S. could one day scrap income tax entirely and fund the government through tariffs instead.
Wall Street isn’t buying it traders are pricing in barely a 1% chance of eliminating income taxes for Americans earning under $150,000.
#TRUMP #BinanceHODLerAT #BTCRebound90kNext? #Taxes #Tariffs $HOME $WLD $XRP
President Trump says the U.S. could one day scrap income tax entirely and fund the government through tariffs instead.
Wall Street isn’t buying it traders are pricing in barely a 1% chance of eliminating income taxes for Americans earning under $150,000.
#TRUMP #BinanceHODLerAT #BTCRebound90kNext? #Taxes #Tariffs $HOME $WLD $XRP
🔥 TRUMP’S TAX MEGABOMB: END THE IRS & FUND AMERICA WITH TARIFFS? 🇺🇸💥
A new Trump-backed idea is shaking the financial world: scrap federal income taxes entirely and replace them with import tariffs to fund the U.S. government.
This isn’t a tweak — it’s a full-blown economic overhaul.
🇺🇸 The Pitch: America First Economics
✅ Zero Income Tax: No IRS deductions. Bigger paychecks.
✅ Boost Made-in-USA: Higher tariffs could push production back to American factories.
⚠️ The Risks: Big, Bold… and Potentially Brutal
⚠️ Higher Prices: Tariffs = higher consumer costs across major goods.
⚠️ Trade War Danger: Allies and rivals could strike back.
⚠️ Budget Math: Tariffs replacing a ~$6T budget? Economists are highly skeptical.
🌍 Global & Market Reactions
This idea has already sparked massive political debate and put markets on alert.
Supply chains, US–China relations, and commodity prices would feel the shockwaves instantly.
⚡ The Big Question:
Is this the tax revolution of the century, or an economic gamble with unknown fallout?
#Trump #Taxes #Tariffs #economy #crypto
$BAT
$TURBO
$1INCH
A new Trump-backed idea is shaking the financial world: scrap federal income taxes entirely and replace them with import tariffs to fund the U.S. government.
This isn’t a tweak — it’s a full-blown economic overhaul.
🇺🇸 The Pitch: America First Economics
✅ Zero Income Tax: No IRS deductions. Bigger paychecks.
✅ Boost Made-in-USA: Higher tariffs could push production back to American factories.
⚠️ The Risks: Big, Bold… and Potentially Brutal
⚠️ Higher Prices: Tariffs = higher consumer costs across major goods.
⚠️ Trade War Danger: Allies and rivals could strike back.
⚠️ Budget Math: Tariffs replacing a ~$6T budget? Economists are highly skeptical.
🌍 Global & Market Reactions
This idea has already sparked massive political debate and put markets on alert.
Supply chains, US–China relations, and commodity prices would feel the shockwaves instantly.
⚡ The Big Question:
Is this the tax revolution of the century, or an economic gamble with unknown fallout?
#Trump #Taxes #Tariffs #economy #crypto
$BAT
$TURBO
$1INCH
#XRPETF Tariffs are taxes on imports/exports imposed by governments to regulate trade. #Tariffs #Trade #Economy #ImportExport #GlobalTrade #Taxes
See original
Cryptocurrencies? What the tax agency doesn't want you to know. Taxation 2024
Author:
Marco Musumeci D'Agata
Economist and DeFi Specialist
5 minute read - March 21, 2024
Starting in 2024, the Tax Agency requires that you inform it about the balance of your cryptocurrencies and if you do not do so, it will fine you.
In this article we are going to discuss tax obligations within a centralized economy (our daily life) and their total absence within decentralized finance, providing the reader with the necessary information to avoid making mistakes.
Marco Musumeci D'Agata
Economist and DeFi Specialist
5 minute read - March 21, 2024
Starting in 2024, the Tax Agency requires that you inform it about the balance of your cryptocurrencies and if you do not do so, it will fine you.
In this article we are going to discuss tax obligations within a centralized economy (our daily life) and their total absence within decentralized finance, providing the reader with the necessary information to avoid making mistakes.
How is government gonna find out about my Crypto and how much profit I made from it?
Governments track #crypto via KYC exchanges, bank transfers, and blockchain analysis. P2P trades & creative loopholes (like skins/gift cards) offer some privacy but aren't foolproof. Stay informed, diversify, and stay compliant! 🌐💰 #Cryptocurrency #Blockchain #Taxes
$BTC $ETH $XRP
$BTC $ETH $XRP
🚨 Trump’s economic agenda heats up:
🔹 Major tariffs incoming
🔹 Historic tax cuts in the works, per WH’s Karoline Leavitt
🇺🇸 2025 is shaping up to be a pivotal year for U.S. markets!
#Trump2025 #Taxes #Crypto #Finance #BreakingNews
🔹 Major tariffs incoming
🔹 Historic tax cuts in the works, per WH’s Karoline Leavitt
🇺🇸 2025 is shaping up to be a pivotal year for U.S. markets!
#Trump2025 #Taxes #Crypto #Finance #BreakingNews
💸 Billionaire Bill Miller IV is like, "Hold up, taxing Bitcoin? 🤔 No way, José! 😂" He's all, "It doesn't make a ton of sense" 🙅♂️. Guess he's a Bitcoin believer 💻! Bill's got the $$$ to know a thing or two about taxes 💸.
$BTC
#Bitcoin❗ #Taxes #Billionaires 🤓
$BTC
#Bitcoin❗ #Taxes #Billionaires 🤓
WeFi’s CEO says it’s Japan’s rigid and slow crypto regulations, not taxes, that are pushing developers and capital abroad.
#Wefi #JapanCrypto #CryptoRegulationBattle #Taxes #CEO
#Wefi #JapanCrypto #CryptoRegulationBattle #Taxes #CEO
In Italy, cryptocurrency transactions are subject to taxation. As of January 1, 2025, capital gains from crypto assets are taxed at a rate of 26%, with the exemption for gains under €2,000 removed.
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective from December 2024, introduces comprehensive rules for crypto assets, including stablecoins. MiCA aims to enhance transparency and consumer protection across member states.
Converting cryptocurrencies into DAI is currently permitted in Italy because DAI is a decentralized stablecoin, pegged to the US dollar and backed by overcollateralized assets through the MakerDAO protocol. The MiCA (Markets in Crypto-Assets) regulation, effective in late 2024, will standardize the treatment of stablecoins across Europe. Until then, DAI remains compliant as a non-custodial stablecoin under current Italian regulations.
It's essential to comply with tax regulations and report all crypto-related activities accurately. Consulting with a tax professional can provide personalized advice tailored to your situation.
#Taxes #italy
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective from December 2024, introduces comprehensive rules for crypto assets, including stablecoins. MiCA aims to enhance transparency and consumer protection across member states.
Converting cryptocurrencies into DAI is currently permitted in Italy because DAI is a decentralized stablecoin, pegged to the US dollar and backed by overcollateralized assets through the MakerDAO protocol. The MiCA (Markets in Crypto-Assets) regulation, effective in late 2024, will standardize the treatment of stablecoins across Europe. Until then, DAI remains compliant as a non-custodial stablecoin under current Italian regulations.
It's essential to comply with tax regulations and report all crypto-related activities accurately. Consulting with a tax professional can provide personalized advice tailored to your situation.
#Taxes #italy
#TrumpTaxCuts
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#TRUMP #Taxes #cryptouniverseofficial #breakingnews
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#TRUMP #Taxes #cryptouniverseofficial #breakingnews
#TrumpTaxCuts
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#Trump
#Taxes
#Crypto
#BreakingNews
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#Trump
#Taxes
#Crypto
#BreakingNews
Florida: The Leader in Cryptocurrency Tax Friendliness in the USA
Florida has emerged as the most tax-friendly state in the USA for cryptocurrencies. Thanks to the absence of state income tax and pro-cryptocurrency policies, Florida surpasses other states, including New York, which has one of the highest income tax rates at 10.9% and requires a BitLicense.
Florida Named "Best State" for Cryptocurrency Tax Purposes
According to a recent study by CoinLedger, Florida ranks as the most tax-friendly state for #cryptocurrencies in the United States, while New York is positioned at the opposite end of the spectrum.
Key Factors to Florida's Success
The study, published on January 22nd, revealed that Florida achieved this status through a combination of no state income tax and policies supportive of cryptocurrencies. These policies include a pilot program that allows businesses to pay state fees in cryptocurrencies.
How Other States Compare with Florida
Following Florida are Texas and Wyoming, which also have no state income tax and support crypto-friendly policies, including allowing banks to act as crypto custodians. Nevada and Arizona also rank high, with zero and low tax rates on cryptocurrencies, respectively.
The Importance of Understanding Local Tax Policies for Investors
David Kemmerer, CEO of CoinLedger, emphasizes the importance of being aware of local tax regulations for crypto investors, who could lose thousands of dollars due to different state tax rates.
California and Other States with Higher Tax Rates
California is the second-worst state for cryptocurrency tax purposes, followed by Hawaii, Massachusetts, and New Jersey, with high income tax rates. Hawaii also requires all exchanges in the state to obtain a special license.
Recent Changes in IRS Policy
The IRS (Internal Revenue Service) recently announced that it will temporarily postpone some of its cryptocurrency tax rules, including exempting businesses from reporting #crypto transactions over $10,000, until an updated framework is issued.
#taxes
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Florida Named "Best State" for Cryptocurrency Tax Purposes
According to a recent study by CoinLedger, Florida ranks as the most tax-friendly state for #cryptocurrencies in the United States, while New York is positioned at the opposite end of the spectrum.
Key Factors to Florida's Success
The study, published on January 22nd, revealed that Florida achieved this status through a combination of no state income tax and policies supportive of cryptocurrencies. These policies include a pilot program that allows businesses to pay state fees in cryptocurrencies.
How Other States Compare with Florida
Following Florida are Texas and Wyoming, which also have no state income tax and support crypto-friendly policies, including allowing banks to act as crypto custodians. Nevada and Arizona also rank high, with zero and low tax rates on cryptocurrencies, respectively.
The Importance of Understanding Local Tax Policies for Investors
David Kemmerer, CEO of CoinLedger, emphasizes the importance of being aware of local tax regulations for crypto investors, who could lose thousands of dollars due to different state tax rates.
California and Other States with Higher Tax Rates
California is the second-worst state for cryptocurrency tax purposes, followed by Hawaii, Massachusetts, and New Jersey, with high income tax rates. Hawaii also requires all exchanges in the state to obtain a special license.
Recent Changes in IRS Policy
The IRS (Internal Revenue Service) recently announced that it will temporarily postpone some of its cryptocurrency tax rules, including exempting businesses from reporting #crypto transactions over $10,000, until an updated framework is issued.
#taxes
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Login to explore more contents